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Mar 01

TECHNICAL ANALYSIS BY NSFX 01.03.2015

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Last week the rate made the breakout of the medium term supply line. This is a bullish factor for GbpJpy but the rate found resistance against the higher Bollinger Band. Is likely a short term retracement to 182.9 and only below 175.29  long term buyers might place their stop loss orders. In case a positive wave will lift the pair the nearest resistance is 187.6. Above 189.5  GbpJpy can test 193.

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